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Self-Storage Facility

Payless Self Storage

111 Tremont City Rd, Springfield, OH 45502

Listing Price: $3,350,000

Cap Rate
6.08%
Number of Units
376
Occupancy
92.0%
Rentable SF
54,438
Price/Rentable SF
$61.54
Year Built
1996

Investment Overview

Payless Self Storage in Springfield, Ohio is a large, well-located facility featuring 376 units across 54,438 rentable square feet on nearly six acres. The property maintains strong physical occupancy (92%) and benefits from excellent visibility along Tremont City Road, a corridor with traffic counts exceeding 11,000–15,000 vehicles per day.

Investment Highlights

  • Strong In-Place Cash Flow
  • Significant Revenue Upside
  • High Physical Occupancy of 92%
  • Large, Well-Located Facility
  • Strong Long-Term Returns
  • Favorable Springfield, Ohio Market Fundamentals

Exclusively Listed By

  • Jeffrey L. Herrmann

    Senior Director Investments

    (630) 570-2223

    Email Jeffrey

    License(s): IL: 475.176916

    Chicago Oak Brook

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

Broker of Record

  • Michael L Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Self-Storage Facility

Payless Self Storage

Listing Price: $3,350,000

Cap Rate
6.08%
Number of Units
376
Occupancy
92.0%
Rentable SF
54,438
Price/Rentable SF
$61.54
Year Built
1996

Investment Highlights

  • Strong In-Place Cash Flow
  • Significant Revenue Upside
  • High Physical Occupancy of 92%
  • Large, Well-Located Facility
  • Strong Long-Term Returns
  • Favorable Springfield, Ohio Market Fundamentals

Investment Overview

Payless Self Storage in Springfield, Ohio is a large, well-located facility featuring 376 units across 54,438 rentable square feet on nearly six acres. The property maintains strong physical occupancy (92%) and benefits from excellent visibility along Tremont City Road, a corridor with traffic counts exceeding 11,000–15,000 vehicles per day.

Exclusively Listed By

  • Jeffrey L. Herrmann

    Senior Director Investments

    (630) 570-2223

    Email Jeffrey

    License(s): IL: 475.176916

    Chicago Oak Brook

  • Sean M. Delaney

    Senior Managing Director Investments

    (630) 570-2267

    Email Sean

    License(s): IL: 475.141529, WI: 77902-94

    Chicago Oak Brook

Broker of Record

  • Michael L Glass

    Executive Managing Director, Chief Revenue Officer- Mid-West Division

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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